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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (102943)	10/8/2011 7:40:33 PM
From: tejek	Read Replies (1) \| Respond to of 149317

'Things started to perk up in 1996......like you all did in 1993.........but real momentum didn't happen until 1998.' We didn't start perking up down here till about 1997 at the earliest either. You couldn't move any large land parcel at any price in 1990-96. I still believe we are in roughly 1993 on the timeline.. You should watch CNN Your Money thsi weekend had on LAchutar of ECRI as well as Richard Florida in another segment.. I know. ECRI is predicting another recession. I watch the statistics very closely each week. I don't see it. Of course, ECRI looks at a lot more statistics than I do.....and they are the experts. Every year for the past three we have hit a slow patch in summer only to rebound in the Fall. It looks like that is happening again. That may be what is happening now. Time will tell. As for being the same. I think we may be talking two different things. My house was on the market from 1994-1997. It wasn't overpriced. There were no buyers. That was common in LA. Houses sat for years and didn't sell no matter how they were priced. No one was buying period. It was a very scary time. In fact, I decided to do a quick rehab on a house in 1997.........came in right on budget. Looked great........was in a great neighborhood of Pasadena. Took a year to sell. That's not what's happening here. Things are moving much faster in Seattle and other markets. And in LA, the flippers are back. In fact, in Seattle, big apt complexes are starting to sell. A 240 unit complex in Kirkland sold last week. Again, I know ECRI are the experts but I will be surprised if we go into another recession.